Gallacher Capital Management LLC Decreases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Gallacher Capital Management LLC reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 48.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,194 shares of the energy exploration company’s stock after selling 2,027 shares during the quarter. Gallacher Capital Management LLC’s holdings in EOG Resources were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EOG. Exchange Traded Concepts LLC lifted its stake in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares during the last quarter. Sachetta LLC purchased a new stake in shares of EOG Resources during the 4th quarter worth $33,000. Hall Laurie J Trustee acquired a new position in EOG Resources during the 4th quarter valued at about $36,000. Keener Financial Planning LLC acquired a new position in EOG Resources during the 4th quarter valued at about $36,000. Finally, Norwood Financial Corp acquired a new position in EOG Resources during the 1st quarter valued at about $37,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EOG shares. Mizuho upped their target price on EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. TD Cowen upped their target price on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. KeyCorp started coverage on EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 target price on the stock. Susquehanna upped their target price on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Finally, Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $135.00 to $155.00 in a report on Thursday, April 11th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $144.80.

Insiders Place Their Bets

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the transaction, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

EOG Resources stock traded down $0.20 during midday trading on Friday, hitting $127.97. 419,736 shares of the company were exchanged, compared to its average volume of 3,215,363. The firm has a market capitalization of $73.55 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. The business has a fifty day simple moving average of $124.91 and a two-hundred day simple moving average of $122.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. EOG Resources’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.69 earnings per share. On average, sell-side analysts forecast that EOG Resources, Inc. will post 12.06 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.84%. EOG Resources’s dividend payout ratio is currently 28.75%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.